Swindon AdvertiserTime is right for me to get out - Black (From Swindon Advertiser)

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SWINDON TOWN: Time is right for me to get out - Black

Swindon Advertiser: Andrew Black Andrew Black

AFTER ploughing over £10million into Swindon Town over the course of the past five years, Andrew Black feels the time is right to step away from the club.

The Betfair co-founder, who came onto the County Ground board as part of the consortium which saved the club from impending liquidation in 2008, revealed to the Advertiser that dealing with the stress of bankrolling the business for a prolonged period of time has had an adverse effect on his health.

Now Black is ready to hand the reins over to a new owner, as he looks to offload a large chunk of his 98 per cent controlling stake, and several potential investors have already made themselves known.

Having kept Town afloat half-a-decade ago, Black has gone on to fund the play-off push of 2009/10 and the League Two title charge in 2011/12, as well as handing the Robins the financial foundation from which they were able to bounce back from relegation from League One less than two years ago.

However, the 49-year-old has never been a big football fan - with horse racing his sport of choice - and he has become something of a reluctant owner in recent months as other members of the original group which took charge of Swindon in 2008 cut their ties with the club.

By his own admission, Black has not enjoyed the day to day running of Town and, after making substantial contributions to the Robins’ survival, he is preparing to step away. A proposed sale of the club in the summer fell through and Black pumped in further cash in November to lift Swindon out of embargo.

Black admitted that administration remains a possibility, should Town fail to secure a new owner in the necessary timeframe. It is understood that doubts remain over how the club will be funded in February.

However, he stressed that it was a worst-case scenario that no one associated with the club wishes to go through.

Black said: “It has been affecting my stress levels and I feel as though it is the right time for me to move on.

“I didn’t sleep well last night and I haven’t slept well for weeks, the last two holidays I have had I spent most of the time stressing about Swindon.

“I’ve come to a conclusion in my mind that it is time to get out. There’s enough noise and buyers are there.

“We’re staying positive. We don’t want to put the club into administration, that is the last thing anyone wants. It is a painful process and we wouldn’t want that to happen. Administration is something I desperately don’t want to do.

“The message is that we are looking for a new owner of the club and I feel it is the right time to move on. I was close to selling the club in the summer but it didn’t happen, now I feel it is right.

“I want to see it settled properly. I am not interested in leaving behind a car crash.”

The Advertiser understands that there could be up to seven potential buyers currently discussing the possibility of taking control at the County Ground, and the Robins are set to bring in accountants with specialist knowledge to assist in the process of due diligence.

One interested party is believed to be headed by an unnamed individual who has worked in property development within the football industry, while it is understood that Paolo Di Canio’s agent Phil Spencer had considered forming a consortium of his own but is now concentrating on finding a new buyer elsewhere.

The Adver has learnt that Black is not necessarily looking to sell all of his 98 per cent shareholding in the club, but is keen to be rid of his majority shareholder tag.

Any new investor would have to be happy to take on a significant wage bill at Town, believed to amount to around £250,000 a month.

Comments (47)

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6:16am Fri 18 Jan 13

bowralbob says...

I am glad we have an insight into Mr. Black's problems and I for one can understand his stress levels rising as he sees so much of HIS cash going out the door each month.
If as he indicates he wishes to exit in a suitable way (so as to not affect STFC ) then I wish him well.
I hope that we can soon read in this newspaper that a deal has been done and we have new owner that cares about STFC.
Interesting times ahead of us, as usual.
I am glad we have an insight into Mr. Black's problems and I for one can understand his stress levels rising as he sees so much of HIS cash going out the door each month. If as he indicates he wishes to exit in a suitable way (so as to not affect STFC ) then I wish him well. I hope that we can soon read in this newspaper that a deal has been done and we have new owner that cares about STFC. Interesting times ahead of us, as usual. bowralbob
  • Score: 0

6:23am Fri 18 Jan 13

Jets there'd says...

Thank you Andrew Black for your investment over the 5 years in our club.
We as Town fans need to realise that we possibly wouldn't have a club if this investment hadn't happened.
I think a lot of Town fans are understandably worried as we've had so many ups & downs over the years.
Lets hope investors are found that can take the club forward but, lets not forget what Andrew & the others have done for our great club.
(Before anyone asks, "no, I am not related to Andrew!") I am just a normal lifelong fan of the Town as are many other thousands of people!
Lets get behind PDC, the players & Board & focus on the positives.
COYR!
Thank you Andrew Black for your investment over the 5 years in our club. We as Town fans need to realise that we possibly wouldn't have a club if this investment hadn't happened. I think a lot of Town fans are understandably worried as we've had so many ups & downs over the years. Lets hope investors are found that can take the club forward but, lets not forget what Andrew & the others have done for our great club. (Before anyone asks, "no, I am not related to Andrew!") I am just a normal lifelong fan of the Town as are many other thousands of people! Lets get behind PDC, the players & Board & focus on the positives. COYR! Jets there'd
  • Score: 0

6:33am Fri 18 Jan 13

the wizard says...

Top man, this statement clears the air and puts his cards on the table face up where everyone can see where he is coming from. I only wish he had made this statement when he appointed Patey.
Top man, this statement clears the air and puts his cards on the table face up where everyone can see where he is coming from. I only wish he had made this statement when he appointed Patey. the wizard
  • Score: 0

6:38am Fri 18 Jan 13

swinRhino says...

It reads as I said yesterday, the club at present is in a good state due to the cash that Mr Black has put in, 10M. As PDC said he would put in 30K to help with players but 100K or more is to much, PDC had his limits and so has Mr Black and he has reached it.

So not to critical at the moment but as the days and weeks go by the short fall in gate against income etc. will start to rear it's head, so there is a window to work in to get it all sorted - is it the Feb as mentioned.

We have all also suspected something like this was in the offing, been working on it since November so why the break in silence now, I am hoping that it is because that feel they are closing in on an offer and not that the window is shutting.

Wherever the club is presently STFC owes Mr Black and the other investors at the time a debt of gratitude, they saved STFC from doing a Portsmouth and from the position we where in compared to Pommey we would be dead and buried by now. Also he is trying to do this in the best way for STFC time allowing.
It reads as I said yesterday, the club at present is in a good state due to the cash that Mr Black has put in, 10M. As PDC said he would put in 30K to help with players but 100K or more is to much, PDC had his limits and so has Mr Black and he has reached it. So not to critical at the moment but as the days and weeks go by the short fall in gate against income etc. will start to rear it's head, so there is a window to work in to get it all sorted - is it the Feb as mentioned. We have all also suspected something like this was in the offing, been working on it since November so why the break in silence now, I am hoping that it is because that feel they are closing in on an offer and not that the window is shutting. Wherever the club is presently STFC owes Mr Black and the other investors at the time a debt of gratitude, they saved STFC from doing a Portsmouth and from the position we where in compared to Pommey we would be dead and buried by now. Also he is trying to do this in the best way for STFC time allowing. swinRhino
  • Score: 0

7:01am Fri 18 Jan 13

the wizard says...

I only wish I had £10M !!! Let alone £10m to lose. When you sit back and think about it its totally staggering.

Andrew Black, for ever we will owe you not just the money, but gratitude, respect and heartfelt thanks.
I only wish I had £10M !!! Let alone £10m to lose. When you sit back and think about it its totally staggering. Andrew Black, for ever we will owe you not just the money, but gratitude, respect and heartfelt thanks. the wizard
  • Score: 0

7:11am Fri 18 Jan 13

DarrenSTFCRomain says...

Well its not the end of the world is it..

With upto 7 potentionl buyers ???
Lets hope its sorted soon..

Dont 4get ghaps
were swindon till we die and we aint dead yet...

And please LR no more long stories on how you think it is.
As Mr Black has told use why THANKYOU ha
Well its not the end of the world is it.. With upto 7 potentionl buyers ??? Lets hope its sorted soon.. Dont 4get ghaps were swindon till we die and we aint dead yet... And please LR no more long stories on how you think it is. As Mr Black has told use why THANKYOU ha DarrenSTFCRomain
  • Score: 0

7:17am Fri 18 Jan 13

KojaktheWarg says...

Thanks Mr Black. I remember reading Lord Sugars autobiography about investing in Spurs and its a tough job behind the scenes from his description. I for one am grateful...
Thanks Mr Black. I remember reading Lord Sugars autobiography about investing in Spurs and its a tough job behind the scenes from his description. I for one am grateful... KojaktheWarg
  • Score: 0

7:18am Fri 18 Jan 13

batch says...

It its negatively affecting your well-being its time to get out I suppose. "So-long and thanks for all the fish".

With my fan head back on I'm a bit gutted. We had hit on owners that do things right, pay bills and have taken us to Wembley twice seen a great couple of seasons and a disaster! We were seemingly stable, and I thought we were going to be for a few more years yet.

Humph, back to uncertainty and worry then. Could be good, could be bad, Que Sera Sera.
It its negatively affecting your well-being its time to get out I suppose. "So-long and thanks for all the fish". With my fan head back on I'm a bit gutted. We had hit on owners that do things right, pay bills and have taken us to Wembley twice seen a great couple of seasons and a disaster! We were seemingly stable, and I thought we were going to be for a few more years yet. Humph, back to uncertainty and worry then. Could be good, could be bad, Que Sera Sera. batch
  • Score: 0

7:29am Fri 18 Jan 13

Stickshaker says...

Thanks Andrew for your honesty, you'll always be remembered for what you did 5 years ago.
Thanks Adver for your concise report on the situation.
Shame on you BBC for the breaking and inaccurate news yesterday. I do recall the days whenever the BBC was mentioned it was always respected for accuracy, honesty & balance. The drivel you spouted yesterday put you on a level of ''The News of the World'' - I hope you go the same way!
Thanks Andrew for your honesty, you'll always be remembered for what you did 5 years ago. Thanks Adver for your concise report on the situation. Shame on you BBC for the breaking and inaccurate news yesterday. I do recall the days whenever the BBC was mentioned it was always respected for accuracy, honesty & balance. The drivel you spouted yesterday put you on a level of ''The News of the World'' - I hope you go the same way! Stickshaker
  • Score: 0

7:48am Fri 18 Jan 13

townend Paul says...

Stickshaker wrote:
Thanks Andrew for your honesty, you'll always be remembered for what you did 5 years ago.
Thanks Adver for your concise report on the situation.
Shame on you BBC for the breaking and inaccurate news yesterday. I do recall the days whenever the BBC was mentioned it was always respected for accuracy, honesty & balance. The drivel you spouted yesterday put you on a level of ''The News of the World'' - I hope you go the same way!
Exactly what i wanted to say spoint on post just to add my thanks to Anrew Black for saving us and all the fun we have had.
Now Fans lets really get behind PDC and the Players and SUPPORT our CLUB.
[quote][p][bold]Stickshaker[/bold] wrote: Thanks Andrew for your honesty, you'll always be remembered for what you did 5 years ago. Thanks Adver for your concise report on the situation. Shame on you BBC for the breaking and inaccurate news yesterday. I do recall the days whenever the BBC was mentioned it was always respected for accuracy, honesty & balance. The drivel you spouted yesterday put you on a level of ''The News of the World'' - I hope you go the same way![/p][/quote]Exactly what i wanted to say spoint on post just to add my thanks to Anrew Black for saving us and all the fun we have had. Now Fans lets really get behind PDC and the Players and SUPPORT our CLUB. townend Paul
  • Score: 0

8:14am Fri 18 Jan 13

stigger says...

a good insight, i like many fans am gutted that we are again in uncertainty and that Mr Black wants out. However, we cannot forget that he has invested millions of his own money into a club that he has no allegiance to and is not even that big a football fan. So it is no real surprise, given the fall in his monetary value elsewhere as well, that he would want to move on. I am a lifelong fan of Swindon but i would not be happy to see all my money disappearing so it is no big jump to realise why he wants out, and health and family is most important thing so if that is being adversely affected he is doing the right thing for HIM. He has said he doesn't want to leave a car crash behind and if he sticks to his word and does his best for Swindon Town FC as well and sells us to buyers with renewed commitment we can all hopefully look back and say thanks Mr Black for all you've done. It it, as we all know, the uncertainty of this happening in time that is worrying us all but for now i will stay positive, recognise that in many ways we are an attractive football club and await positive news. COYR!
a good insight, i like many fans am gutted that we are again in uncertainty and that Mr Black wants out. However, we cannot forget that he has invested millions of his own money into a club that he has no allegiance to and is not even that big a football fan. So it is no real surprise, given the fall in his monetary value elsewhere as well, that he would want to move on. I am a lifelong fan of Swindon but i would not be happy to see all my money disappearing so it is no big jump to realise why he wants out, and health and family is most important thing so if that is being adversely affected he is doing the right thing for HIM. He has said he doesn't want to leave a car crash behind and if he sticks to his word and does his best for Swindon Town FC as well and sells us to buyers with renewed commitment we can all hopefully look back and say thanks Mr Black for all you've done. It it, as we all know, the uncertainty of this happening in time that is worrying us all but for now i will stay positive, recognise that in many ways we are an attractive football club and await positive news. COYR! stigger
  • Score: 0

8:16am Fri 18 Jan 13

LeGod says...

I totally respect you Mr Black for what you have done for our club with your investment and i totally understand your position but please dont put our club into administration not while we are currently on the up with Paolo at the helm.
Anyone who puts money into a club and knows that it is unlikely there is going to be any return i totally admire as its only the chosen few who can afford to do this and i salute you and other board members for saving our club not so long ago.
It would be a total disaster for this club if we went into administration and i sincerely hope we can get more investment and Mr Black gets what he wants.
We all need to keep a positive head and hope this gets resolved fairly quickly. If this is having an effect on Mr Blacks health as welli can also understand his position and like all fans i think it is good he has come out and made a statement.
I totally respect you Mr Black for what you have done for our club with your investment and i totally understand your position but please dont put our club into administration not while we are currently on the up with Paolo at the helm. Anyone who puts money into a club and knows that it is unlikely there is going to be any return i totally admire as its only the chosen few who can afford to do this and i salute you and other board members for saving our club not so long ago. It would be a total disaster for this club if we went into administration and i sincerely hope we can get more investment and Mr Black gets what he wants. We all need to keep a positive head and hope this gets resolved fairly quickly. If this is having an effect on Mr Blacks health as welli can also understand his position and like all fans i think it is good he has come out and made a statement. LeGod
  • Score: 0

8:19am Fri 18 Jan 13

old town robin says...

If Andrew Black wants to stay as a minority share holder, the consortium buying into the club would probably be looking to invest enough to be the majority shareholder and that figure might be as low as 5 or 6 million to acheive that. Still alot of money, but in football it would only buy Messes right leg.
If Andrew Black wants to stay as a minority share holder, the consortium buying into the club would probably be looking to invest enough to be the majority shareholder and that figure might be as low as 5 or 6 million to acheive that. Still alot of money, but in football it would only buy Messes right leg. old town robin
  • Score: 0

8:23am Fri 18 Jan 13

Pewsham Red says...

Fair play to Andrew Black both for saving us from oblivion and for being honest in his assessment.

Still can't see why administration needs to be mooted as he is the major creditor and surely he can wait until he club is sold, however long that takes.

I appreciate it must be stressful - I'd be stressed if I was down to my last few hundred million quid!

That said, he has been a great investor and we should thank him for that.
Fair play to Andrew Black both for saving us from oblivion and for being honest in his assessment. Still can't see why administration needs to be mooted as he is the major creditor and surely he can wait until he club is sold, however long that takes. I appreciate it must be stressful - I'd be stressed if I was down to my last few hundred million quid! That said, he has been a great investor and we should thank him for that. Pewsham Red
  • Score: 0

8:28am Fri 18 Jan 13

DarrenSTFCRomain says...

I dont understand why were are shocked with this...

STFC new that they were running a lose but still had a massive budget and on top of that signing players that got payed off after a season or even less most have put a even bigger hole in2 the owners pocket.

We al new that 1 day this was going to happen ?????
I dont understand why were are shocked with this... STFC new that they were running a lose but still had a massive budget and on top of that signing players that got payed off after a season or even less most have put a even bigger hole in2 the owners pocket. We al new that 1 day this was going to happen ????? DarrenSTFCRomain
  • Score: 0

8:38am Fri 18 Jan 13

Swindon1984 says...

DarrenSTFCRomain wrote:
I dont understand why were are shocked with this... STFC new that they were running a lose but still had a massive budget and on top of that signing players that got payed off after a season or even less most have put a even bigger hole in2 the owners pocket. We al new that 1 day this was going to happen ?????
Hindsight's a wonderful thing isn't it? I think it's really the word administration that shocked people, considering we've been through it before and the connotations it has (ten points docked, no chance of promotion, no chance of championship football, no further investment, years in obscurity or worse still not having a club at all).

If it had been reported as what it is, that the majority owner wishes to sell his stake in the club, that would have come as no surprise. Don't think the way it was reported has helped matters, as administration seemed to be the headline rather than a footnote, which for the moment is all it is - worst case scenario.
[quote][p][bold]DarrenSTFCRomain[/bold] wrote: I dont understand why were are shocked with this... STFC new that they were running a lose but still had a massive budget and on top of that signing players that got payed off after a season or even less most have put a even bigger hole in2 the owners pocket. We al new that 1 day this was going to happen ?????[/p][/quote]Hindsight's a wonderful thing isn't it? I think it's really the word administration that shocked people, considering we've been through it before and the connotations it has (ten points docked, no chance of promotion, no chance of championship football, no further investment, years in obscurity or worse still not having a club at all). If it had been reported as what it is, that the majority owner wishes to sell his stake in the club, that would have come as no surprise. Don't think the way it was reported has helped matters, as administration seemed to be the headline rather than a footnote, which for the moment is all it is - worst case scenario. Swindon1984
  • Score: 0

8:40am Fri 18 Jan 13

Wonder Strike says...

My thanks go out to Black, Fitton and the consortium for saving the club and giving us success. You will always be legends.
My thanks go out to Black, Fitton and the consortium for saving the club and giving us success. You will always be legends. Wonder Strike
  • Score: 0

8:44am Fri 18 Jan 13

dreamofacleansheet2 says...

For 7 potential investors read one or two and key word potential. Whilst of the face of it this looks ok this statement actually worries me as I feel he's setting us up softly for bad news.

Hope I'm wrong but more uneasy today as can't see why you'd mention administration as it completes screws any negotiating position.
For 7 potential investors read one or two and key word potential. Whilst of the face of it this looks ok this statement actually worries me as I feel he's setting us up softly for bad news. Hope I'm wrong but more uneasy today as can't see why you'd mention administration as it completes screws any negotiating position. dreamofacleansheet2
  • Score: 0

8:45am Fri 18 Jan 13

TheDukeOfBanbury says...

Respect to you Andrew Black and everything you have done.

STFC is such a big part of so many peoples lives.
The feel of dread surrounding that first piece of news yesterday Morning was hard to stomach.

I just hope that you can pass on all the good work you have done to somebody who can take this wonderful Club forward as it has done over the last few years.

Good luck and please no administration .....we can only hope.
Respect to you Andrew Black and everything you have done. STFC is such a big part of so many peoples lives. The feel of dread surrounding that first piece of news yesterday Morning was hard to stomach. I just hope that you can pass on all the good work you have done to somebody who can take this wonderful Club forward as it has done over the last few years. Good luck and please no administration .....we can only hope. TheDukeOfBanbury
  • Score: 0

8:46am Fri 18 Jan 13

SAPFanSTFC says...

swinRhino wrote:
It reads as I said yesterday, the club at present is in a good state due to the cash that Mr Black has put in, 10M. As PDC said he would put in 30K to help with players but 100K or more is to much, PDC had his limits and so has Mr Black and he has reached it.

So not to critical at the moment but as the days and weeks go by the short fall in gate against income etc. will start to rear it's head, so there is a window to work in to get it all sorted - is it the Feb as mentioned.

We have all also suspected something like this was in the offing, been working on it since November so why the break in silence now, I am hoping that it is because that feel they are closing in on an offer and not that the window is shutting.

Wherever the club is presently STFC owes Mr Black and the other investors at the time a debt of gratitude, they saved STFC from doing a Portsmouth and from the position we where in compared to Pommey we would be dead and buried by now. Also he is trying to do this in the best way for STFC time allowing.
I think the crux here is the 'February' as mentioned.
---.
Normally you would expect Mr Black when the summer sale fell through to have laid out a worst case plan for the year.
- You know the cost of running the club for a season divide that by 12 and then that is the cost to you per month - assuming budgeted revenues are met (which Watkins is saying they are ahead of).
.
What is the main point of concern here is that suddenly things are worse on a personal basis for Mr Black than was planned....it seems to be this that is driving the urgent sale - probably due to the fact that his funds aren't liquid and are all tied up in investments.
.
Like everyone I'm hoping that all of this is coming to a head BECAUSE OF a number of interested parties now seeing a great investment opportunity and not the other way around....I never take Nick Watkins at his word because he is there to put a positive slant on things regardless of the truth (there is form here) and 7 potential investors is probably not a true reflection on the options available.
....
Due diligence on accounting normally takes a few weeks but with no debts it could be as quick as a week.
...Given this, what are they discussing on Sunday?...preferred buyer!?...sale of players!?
.
...Looking forward to getting back to basics and seeing us play tomorrow though - REALLY hoping that they can get the surrounding area clear for the health and safety brigade as it sounds like the pitch should be ok.
[quote][p][bold]swinRhino[/bold] wrote: It reads as I said yesterday, the club at present is in a good state due to the cash that Mr Black has put in, 10M. As PDC said he would put in 30K to help with players but 100K or more is to much, PDC had his limits and so has Mr Black and he has reached it. So not to critical at the moment but as the days and weeks go by the short fall in gate against income etc. will start to rear it's head, so there is a window to work in to get it all sorted - is it the Feb as mentioned. We have all also suspected something like this was in the offing, been working on it since November so why the break in silence now, I am hoping that it is because that feel they are closing in on an offer and not that the window is shutting. Wherever the club is presently STFC owes Mr Black and the other investors at the time a debt of gratitude, they saved STFC from doing a Portsmouth and from the position we where in compared to Pommey we would be dead and buried by now. Also he is trying to do this in the best way for STFC time allowing.[/p][/quote]I think the crux here is the 'February' as mentioned. ---. Normally you would expect Mr Black when the summer sale fell through to have laid out a worst case plan for the year. - You know the cost of running the club for a season divide that by 12 and then that is the cost to you per month - assuming budgeted revenues are met (which Watkins is saying they are ahead of). . What is the main point of concern here is that suddenly things are worse on a personal basis for Mr Black than was planned....it seems to be this that is driving the urgent sale - probably due to the fact that his funds aren't liquid and are all tied up in investments. . Like everyone I'm hoping that all of this is coming to a head BECAUSE OF a number of interested parties now seeing a great investment opportunity and not the other way around....I never take Nick Watkins at his word because he is there to put a positive slant on things regardless of the truth (there is form here) and 7 potential investors is probably not a true reflection on the options available. .... Due diligence on accounting normally takes a few weeks but with no debts it could be as quick as a week. ...Given this, what are they discussing on Sunday?...preferred buyer!?...sale of players!? . ...Looking forward to getting back to basics and seeing us play tomorrow though - REALLY hoping that they can get the surrounding area clear for the health and safety brigade as it sounds like the pitch should be ok. SAPFanSTFC
  • Score: 0

8:57am Fri 18 Jan 13

oldlegtrailer says...

If STFC was a horse you would shoot it
If STFC was a horse you would shoot it oldlegtrailer
  • Score: 0

9:07am Fri 18 Jan 13

the don69 says...

oldlegtrailer wrote:
If STFC was a horse you would shoot it
Or a Tesco Burger comes to mind LOL!!!!!!!!!
[quote][p][bold]oldlegtrailer[/bold] wrote: If STFC was a horse you would shoot it[/p][/quote]Or a Tesco Burger comes to mind LOL!!!!!!!!! the don69
  • Score: 0

9:16am Fri 18 Jan 13

STFCman&boy1973 says...

Thank you Mr Black, for saving our club, for giving us such a great manager, and I hope selling us to the right people...

All the best to you...

PS you know if you want to make soloome money back from STFC, put some bets on us, going up, as champions...

COYMRs
Thank you Mr Black, for saving our club, for giving us such a great manager, and I hope selling us to the right people... All the best to you... PS you know if you want to make soloome money back from STFC, put some bets on us, going up, as champions... COYMRs STFCman&boy1973
  • Score: 0

9:23am Fri 18 Jan 13

bearwoodred says...

Hats off to the guy and good of him to come out and be open about his health etc. We owe him such a lot and we should trust him to hand us over to the right people. I think this message is full of hope and after yesterdays bombshell we can all see a good future.

I think it will relax the players and we can look forward to a promotion charge. Now I am more concerned about driving down from Brum for the game tomorrow. We have a proper blizzard here!
Hats off to the guy and good of him to come out and be open about his health etc. We owe him such a lot and we should trust him to hand us over to the right people. I think this message is full of hope and after yesterdays bombshell we can all see a good future. I think it will relax the players and we can look forward to a promotion charge. Now I am more concerned about driving down from Brum for the game tomorrow. We have a proper blizzard here! bearwoodred
  • Score: 0

9:50am Fri 18 Jan 13

Highworth red says...

Nothing but thanks and gratitude for Mr Black. He will still be a shareholder, just not a majority one which is nice as the club or genuinely moving forward and are on the verge of achieving great things in football. This all could end up very positively if we get football as well as money people in. For Mr Black, nothing, not even my beloved STFC is worth effecting your health, but his consortium will forever be remembered with fondness at Swindon.
Nothing but thanks and gratitude for Mr Black. He will still be a shareholder, just not a majority one which is nice as the club or genuinely moving forward and are on the verge of achieving great things in football. This all could end up very positively if we get football as well as money people in. For Mr Black, nothing, not even my beloved STFC is worth effecting your health, but his consortium will forever be remembered with fondness at Swindon. Highworth red
  • Score: 0

10:10am Fri 18 Jan 13

madterrier says...

It's reassuring that Andrew Black says he does not want to leave a car crash behind. But the steering wheel is very much in his hands. It sounds like the plug has been pulled as of next month if there isn't the cash in place to pay wages, and hence why all this has hit the headlines now.

Because we are in the January transfer window. It's when you really want your owners to be looking to provide an additional push to get across the line of promotion to the Championship. But it could equally be that if offers come in for our players we will have to sell a prized asset to keep the rest of the club going.

Not the best time to put a football club up for sale, although from Andrew Black's point of view, it's fairly understandable if he's had enough.

Much will depend on how much Andrew Black (and others) hopes/expects to get back for the loans he has made to the club via the holding company. That's why he's appointing administrators to weigh up the options.

Great that Paolo is rallying the troops int he way he is.
It's reassuring that Andrew Black says he does not want to leave a car crash behind. But the steering wheel is very much in his hands. It sounds like the plug has been pulled as of next month if there isn't the cash in place to pay wages, and hence why all this has hit the headlines now. Because we are in the January transfer window. It's when you really want your owners to be looking to provide an additional push to get across the line of promotion to the Championship. But it could equally be that if offers come in for our players we will have to sell a prized asset to keep the rest of the club going. Not the best time to put a football club up for sale, although from Andrew Black's point of view, it's fairly understandable if he's had enough. Much will depend on how much Andrew Black (and others) hopes/expects to get back for the loans he has made to the club via the holding company. That's why he's appointing administrators to weigh up the options. Great that Paolo is rallying the troops int he way he is. madterrier
  • Score: 0

10:44am Fri 18 Jan 13

St Jude says...

Good to see so much sensible and respectful comment on here this morning.

Anyone seeking a more reasoned view of what is going on than has been provided by the local journos. I'd recommend the Washbag post from Ron Smith and Alex Cooke pointing.

Google 'The Washbag' if you've not been there before.
Good to see so much sensible and respectful comment on here this morning. Anyone seeking a more reasoned view of what is going on than has been provided by the local journos. I'd recommend the Washbag post from Ron Smith and Alex Cooke pointing. Google 'The Washbag' if you've not been there before. St Jude
  • Score: 0

11:05am Fri 18 Jan 13

castle9 says...

Totally agree. Read the Washbag article for the truth about the current situation.

Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.
Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention. castle9
  • Score: 0

11:44am Fri 18 Jan 13

Oi Den! says...

castle9 wrote:
Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.
We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking.
.
I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it.
.
For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it.
.
None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled
[quote][p][bold]castle9[/bold] wrote: Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.[/p][/quote]We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking. . I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it. . For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it. . None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled Oi Den!
  • Score: 0

11:57am Fri 18 Jan 13

Since 1950 says...

No other comment needed other than 'thanks' Mr Black for all you have done for the club. You will leave it in a far better place than when you took over.
Good times, even if currently uncertain, ahead I am sure.
COYR!
No other comment needed other than 'thanks' Mr Black for all you have done for the club. You will leave it in a far better place than when you took over. Good times, even if currently uncertain, ahead I am sure. COYR! Since 1950
  • Score: 0

12:08pm Fri 18 Jan 13

the don69 says...

Oi Den! wrote:
castle9 wrote:
Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.
We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking.
.
I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it.
.
For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it.
.
None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled
Don't see why an intelligent man like you is puzzled Den!it's down to Money,they couldn't find any partners committed to fund the redevelop,banks are not loaning funds,Black's down to his last £100m and stressed (poor man)had enough spent enough and at the moment,there's no oligarch,sheikh or fair god mother to pay all the bills simple!!!!!!!!
[quote][p][bold]Oi Den![/bold] wrote: [quote][p][bold]castle9[/bold] wrote: Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.[/p][/quote]We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking. . I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it. . For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it. . None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled[/p][/quote]Don't see why an intelligent man like you is puzzled Den!it's down to Money,they couldn't find any partners committed to fund the redevelop,banks are not loaning funds,Black's down to his last £100m and stressed (poor man)had enough spent enough and at the moment,there's no oligarch,sheikh or fair god mother to pay all the bills simple!!!!!!!! the don69
  • Score: 0

12:28pm Fri 18 Jan 13

London Red says...

I too don't see why its so confusing
.
Debt Factoring goes on all the time in business and it doesn't mean the debt is bad!
.
A company will sell debt to another company at a reduced rate - the buying company gets the benefit of the discount and the selling company gets the benefit of the time value of money - ie cash now not in X years time
.
Now obviously its not quite the same situation with the club - but it seems clear to not only the current consortium but now SEVEN others see that money is to be made in STFC
.
This is clearly long term (via a combination of Championship Football and Ground Redevelopment)
.
Andrew Black is just not prepared to wait that long - or more importantly doesn't want to be in control while that is going on!
.
Thus he only wants to partially sell up now and let someone else takeover
.
He is not selling all his stake as he obviously still feels there is money to be made - he just doesn't want to be in control
.
Control here seems to be the main factor in this sale - thus his willingness to write off large amounts of the loans to push it through at a cost to himself!
.
Andrew Balck (as does Fitton, Wray and Sir Arbib) deserve nothing but gratitude from us fans
.
However, the fact he basically is writing off our prior debt built up under Diamond Mike to esnure we propser should see him viewed in an even greater light than the others
.
I hope when a sale does go through - even though he doesn't like the limelight he comes to the next home game afterwards and hopefully a sell-out crowd can show him our appreciation as he "hands over the keys"
I too don't see why its so confusing . Debt Factoring goes on all the time in business and it doesn't mean the debt is bad! . A company will sell debt to another company at a reduced rate - the buying company gets the benefit of the discount and the selling company gets the benefit of the time value of money - ie cash now not in X years time . Now obviously its not quite the same situation with the club - but it seems clear to not only the current consortium but now SEVEN others see that money is to be made in STFC . This is clearly long term (via a combination of Championship Football and Ground Redevelopment) . Andrew Black is just not prepared to wait that long - or more importantly doesn't want to be in control while that is going on! . Thus he only wants to partially sell up now and let someone else takeover . He is not selling all his stake as he obviously still feels there is money to be made - he just doesn't want to be in control . Control here seems to be the main factor in this sale - thus his willingness to write off large amounts of the loans to push it through at a cost to himself! . Andrew Balck (as does Fitton, Wray and Sir Arbib) deserve nothing but gratitude from us fans . However, the fact he basically is writing off our prior debt built up under Diamond Mike to esnure we propser should see him viewed in an even greater light than the others . I hope when a sale does go through - even though he doesn't like the limelight he comes to the next home game afterwards and hopefully a sell-out crowd can show him our appreciation as he "hands over the keys" London Red
  • Score: 0

12:40pm Fri 18 Jan 13

Oi Den! says...

the don69 wrote:
Oi Den! wrote:
castle9 wrote: Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.
We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking. . I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it. . For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it. . None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled
Don't see why an intelligent man like you is puzzled Den!it's down to Money,they couldn't find any partners committed to fund the redevelop,banks are not loaning funds,Black's down to his last £100m and stressed (poor man)had enough spent enough and at the moment,there's no oligarch,sheikh or fair god mother to pay all the bills simple!!!!!!!!
Don, it's not that long ago that we were told the redevelopment was going ahead soon. There was no suggestion that further investors were needed. Then we were told that it had been delayed a year by relegation (I never understood that one); then it was further delayed because Watkins was busy with other things and had put it on the back burner(!); then it couldn't go ahead until we had property expertise on the board (I never understood that one either - plenty of expert consultants are available); and now "there are no annoncements pending" (= "we have run out of excuses to fob you off with"?)
.
Andrew Black and the others knew that the club was bound to make losses from football, especially if there was to be investment in players, and I'm sure they weren't expecting the Austin windfall. Also, in football terms we are much stronger than we were when AB and co came in. So I still don't see what has changed so much that an attractive prospect for them has become so unattractive. And if it is now unattractive to them, why will it be attractive to others?
[quote][p][bold]the don69[/bold] wrote: [quote][p][bold]Oi Den![/bold] wrote: [quote][p][bold]castle9[/bold] wrote: Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.[/p][/quote]We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking. . I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it. . For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it. . None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled[/p][/quote]Don't see why an intelligent man like you is puzzled Den!it's down to Money,they couldn't find any partners committed to fund the redevelop,banks are not loaning funds,Black's down to his last £100m and stressed (poor man)had enough spent enough and at the moment,there's no oligarch,sheikh or fair god mother to pay all the bills simple!!!!!!!![/p][/quote]Don, it's not that long ago that we were told the redevelopment was going ahead soon. There was no suggestion that further investors were needed. Then we were told that it had been delayed a year by relegation (I never understood that one); then it was further delayed because Watkins was busy with other things and had put it on the back burner(!); then it couldn't go ahead until we had property expertise on the board (I never understood that one either - plenty of expert consultants are available); and now "there are no annoncements pending" (= "we have run out of excuses to fob you off with"?) . Andrew Black and the others knew that the club was bound to make losses from football, especially if there was to be investment in players, and I'm sure they weren't expecting the Austin windfall. Also, in football terms we are much stronger than we were when AB and co came in. So I still don't see what has changed so much that an attractive prospect for them has become so unattractive. And if it is now unattractive to them, why will it be attractive to others? Oi Den!
  • Score: 0

12:57pm Fri 18 Jan 13

Is that you Lovesey says...

Oi Den! wrote:
the don69 wrote:
Oi Den! wrote:
castle9 wrote: Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.
We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking. . I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it. . For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it. . None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled
Don't see why an intelligent man like you is puzzled Den!it's down to Money,they couldn't find any partners committed to fund the redevelop,banks are not loaning funds,Black's down to his last £100m and stressed (poor man)had enough spent enough and at the moment,there's no oligarch,sheikh or fair god mother to pay all the bills simple!!!!!!!!
Don, it's not that long ago that we were told the redevelopment was going ahead soon. There was no suggestion that further investors were needed. Then we were told that it had been delayed a year by relegation (I never understood that one); then it was further delayed because Watkins was busy with other things and had put it on the back burner(!); then it couldn't go ahead until we had property expertise on the board (I never understood that one either - plenty of expert consultants are available); and now "there are no annoncements pending" (= "we have run out of excuses to fob you off with"?) . Andrew Black and the others knew that the club was bound to make losses from football, especially if there was to be investment in players, and I'm sure they weren't expecting the Austin windfall. Also, in football terms we are much stronger than we were when AB and co came in. So I still don't see what has changed so much that an attractive prospect for them has become so unattractive. And if it is now unattractive to them, why will it be attractive to others?
Den it was probably attractive to them as a consortium, AB was happy to put money in while others ran the day to day and held the responsibility, but he obviously isn't comfortable being the only one left in the club with money and responsibility from a finance point...
[quote][p][bold]Oi Den![/bold] wrote: [quote][p][bold]the don69[/bold] wrote: [quote][p][bold]Oi Den![/bold] wrote: [quote][p][bold]castle9[/bold] wrote: Totally agree. Read the Washbag article for the truth about the current situation. Chris Wise should hang his head in shame for his scaremongering reporting yesterday. However, he got onto the BBC Sport website, which was probably his intention.[/p][/quote]We all see things differently. I thought Wise deserved praise for asking direct questions. The interview was publicly available yesterday (except maybe overseas?)and everyone could draw their own conclusions from it. I thought it was good that Patey was finally persuaded to do some straight talking. . I am still mystified as to how we can advertise the club as a fantastic prospect if Andrew Black is so keen to get out of it. . For me the big question remains: Are we unable to redevelop the ground because our current investors - principally AB - cannot or will not finance it, or are we no longer attractive to those investors because the entire project has been scuppered? So far all we know about the redevelopment is "there are no announcements pending on that", i.e. we know absolutely nothing because Patey refuses to discuss it. . None of the above is intended as criticism of Mr Black, who has no doubt saved us from oblivion. I am just very puzzled[/p][/quote]Don't see why an intelligent man like you is puzzled Den!it's down to Money,they couldn't find any partners committed to fund the redevelop,banks are not loaning funds,Black's down to his last £100m and stressed (poor man)had enough spent enough and at the moment,there's no oligarch,sheikh or fair god mother to pay all the bills simple!!!!!!!![/p][/quote]Don, it's not that long ago that we were told the redevelopment was going ahead soon. There was no suggestion that further investors were needed. Then we were told that it had been delayed a year by relegation (I never understood that one); then it was further delayed because Watkins was busy with other things and had put it on the back burner(!); then it couldn't go ahead until we had property expertise on the board (I never understood that one either - plenty of expert consultants are available); and now "there are no annoncements pending" (= "we have run out of excuses to fob you off with"?) . Andrew Black and the others knew that the club was bound to make losses from football, especially if there was to be investment in players, and I'm sure they weren't expecting the Austin windfall. Also, in football terms we are much stronger than we were when AB and co came in. So I still don't see what has changed so much that an attractive prospect for them has become so unattractive. And if it is now unattractive to them, why will it be attractive to others?[/p][/quote]Den it was probably attractive to them as a consortium, AB was happy to put money in while others ran the day to day and held the responsibility, but he obviously isn't comfortable being the only one left in the club with money and responsibility from a finance point... Is that you Lovesey
  • Score: 0

1:27pm Fri 18 Jan 13

Robin of Andover says...

Didn't realise Mr Black's health was suffering from the responsibility of running the club. Thanks for all you have done Mr Black. I hope a true supporter of football and has Swindon Town FC at heart comes forward to buy the club and take it forward to the Championship at the end of this season.
We have a very passionate manager, let's hope for a passionate owner. COYR
Didn't realise Mr Black's health was suffering from the responsibility of running the club. Thanks for all you have done Mr Black. I hope a true supporter of football and has Swindon Town FC at heart comes forward to buy the club and take it forward to the Championship at the end of this season. We have a very passionate manager, let's hope for a passionate owner. COYR Robin of Andover
  • Score: 0

1:31pm Fri 18 Jan 13

wraxall says...

Agree that AB is not comfortable being the major shareholder and if you look at his racing interests ,Manor House Stables and Clasemore Farm Stud
one see's that he must be having to
plough considerable funds into those
investments to keep them in a good state
in view of the number of horses he has fore sale!
Agree that AB is not comfortable being the major shareholder and if you look at his racing interests ,Manor House Stables and Clasemore Farm Stud one see's that he must be having to plough considerable funds into those investments to keep them in a good state in view of the number of horses he has fore sale! wraxall
  • Score: 0

2:32pm Fri 18 Jan 13

Oi Den! says...

Lovesey, my concern is simply that we had a consortium and they got cold feet. Now we are supposed to believe there is a long queue of suitable investors chomping at the bit to get hold of the club. LR says "but it seems clear to not only the current consortium but now SEVEN others see that money is to be made in STFC". Sorry, but if it was that clear, these blokes would not be getting out. Did they think they were going to make the club profitable from football operations within 5 years? I doubt it very much. It is more likely that they were persuaded by a possible return on ground redevelopment and that this is no longer a viable proposition. So what is going to persuade other consortia that there is money to be made?
.
I've said my piece on this now, and the last thing I want to do is appear critical of the people who saved the club. But I do feel that the club could have been a lot more open on the question of the ground. All it would have taken is "we would like to do X and this is what needs to be in place for us to do it...". It would have answered a lot of questions.
Lovesey, my concern is simply that we had a consortium and they got cold feet. Now we are supposed to believe there is a long queue of suitable investors chomping at the bit to get hold of the club. LR says "but it seems clear to not only the current consortium but now SEVEN others see that money is to be made in STFC". Sorry, but if it was that clear, these blokes would not be getting out. Did they think they were going to make the club profitable from football operations within 5 years? I doubt it very much. It is more likely that they were persuaded by a possible return on ground redevelopment and that this is no longer a viable proposition. So what is going to persuade other consortia that there is money to be made? . I've said my piece on this now, and the last thing I want to do is appear critical of the people who saved the club. But I do feel that the club could have been a lot more open on the question of the ground. All it would have taken is "we would like to do X and this is what needs to be in place for us to do it...". It would have answered a lot of questions. Oi Den!
  • Score: 0

2:33pm Fri 18 Jan 13

BillyLucas4me says...

Accepting the success of Reading and others with new stadia, it seems to me that with the present levels of support at STFC the provision of a wonderful venue .should not be the priority. Recent results on the pitch, if contiued, could push us into the Championship and whilst this has the question over finance again there would be compensating effects and nothing succeeds like success.
qverf finance again
Accepting the success of Reading and others with new stadia, it seems to me that with the present levels of support at STFC the provision of a wonderful venue .should not be the priority. Recent results on the pitch, if contiued, could push us into the Championship and whilst this has the question over finance again there would be compensating effects and nothing succeeds like success. qverf finance again BillyLucas4me
  • Score: 0

2:54pm Fri 18 Jan 13

the don69 says...

Once again football shows it's madness!Nigel Atkins sacked after doing a very good job at Saints!Theo Walcot(an average player in my opinion)gets £100,000 a week!and a £3m signing on fee!for signing a new contract at the Gunners,no wonder most clubs are Skint!!!!!!!!!!!!
Once again football shows it's madness!Nigel Atkins sacked after doing a very good job at Saints!Theo Walcot(an average player in my opinion)gets £100,000 a week!and a £3m signing on fee!for signing a new contract at the Gunners,no wonder most clubs are Skint!!!!!!!!!!!! the don69
  • Score: 0

3:08pm Fri 18 Jan 13

FORZASTFC says...

Totally understand that you want to hand over the reigns to another investor Andrew & really do hope the handover will be as smooth as silk?
I appreciate you have done everything possible to get STFC back on track?
When it does happen I am sure all us STFC fans would love to thank you for your help before a kick off! That is the least you deserve.
Once again THANKS Andrew!
FORZA STFC
Totally understand that you want to hand over the reigns to another investor Andrew & really do hope the handover will be as smooth as silk? I appreciate you have done everything possible to get STFC back on track? When it does happen I am sure all us STFC fans would love to thank you for your help before a kick off! That is the least you deserve. Once again THANKS Andrew! FORZA STFC FORZASTFC
  • Score: 0

3:37pm Fri 18 Jan 13

killerontheloose says...

Please don't invest in a football club and moan about sleepless nights - what a prat!
Has anyone tried to sell an asset by threatening to put it into administration?
Please don't invest in a football club and moan about sleepless nights - what a prat! Has anyone tried to sell an asset by threatening to put it into administration? killerontheloose
  • Score: 0

3:37pm Fri 18 Jan 13

killerontheloose says...

Please don't invest in a football club and moan about sleepless nights - what a prat!
Has anyone tried to sell an asset by threatening to put it into administration?
Please don't invest in a football club and moan about sleepless nights - what a prat! Has anyone tried to sell an asset by threatening to put it into administration? killerontheloose
  • Score: 0

3:38pm Fri 18 Jan 13

killerontheloose says...

Please don't invest in a football club and moan about sleepless nights - what a prat!
Has anyone tried to sell an asset by threatening to put it into administration?
Please don't invest in a football club and moan about sleepless nights - what a prat! Has anyone tried to sell an asset by threatening to put it into administration? killerontheloose
  • Score: 0

3:38pm Fri 18 Jan 13

killerontheloose says...

Please don't invest in a football club and moan about sleepless nights - what a prat!
Has anyone tried to sell an asset by threatening to put it into administration?
Please don't invest in a football club and moan about sleepless nights - what a prat! Has anyone tried to sell an asset by threatening to put it into administration? killerontheloose
  • Score: 0

4:46pm Fri 18 Jan 13

Swindon1984 says...

killerontheloose wrote:
Please don't invest in a football club and moan about sleepless nights - what a prat!
Has anyone tried to sell an asset by threatening to put it into administration?
Say what you like, but I can be reasonably certain that the man's done more for the club in the past few years than you as a critic of his will do in a lifetime. You can't argue with his reasons for wanting out.

True, threatening administration is not a way to sell the club, but there really wasn't a threat, a question was posed to him and his answer was one that they would try and avoid that outcome if at all possible. Again, very reasonable from Mr Black.

Calling the man a prat as well - no respect for someone who's done so much for the club. Poor show my friend.
[quote][p][bold]killerontheloose[/bold] wrote: Please don't invest in a football club and moan about sleepless nights - what a prat! Has anyone tried to sell an asset by threatening to put it into administration?[/p][/quote]Say what you like, but I can be reasonably certain that the man's done more for the club in the past few years than you as a critic of his will do in a lifetime. You can't argue with his reasons for wanting out. True, threatening administration is not a way to sell the club, but there really wasn't a threat, a question was posed to him and his answer was one that they would try and avoid that outcome if at all possible. Again, very reasonable from Mr Black. Calling the man a prat as well - no respect for someone who's done so much for the club. Poor show my friend. Swindon1984
  • Score: 0

5:20pm Fri 18 Jan 13

Psychedelic Syd says...

Maybe time for Jeremy Wray to get a few friends together? Does he know any Russian oligarchs who don't mind losing several million each year?!!! We can but hope.

I am pleased that Andrew Black has been so forthright and it is sad the way things have turned out for him after so much investment.

As Paolo says it could be an exciting opportunity - I wonder if he knows more than he is letting on? I certainly hope so.
Maybe time for Jeremy Wray to get a few friends together? Does he know any Russian oligarchs who don't mind losing several million each year?!!! We can but hope. I am pleased that Andrew Black has been so forthright and it is sad the way things have turned out for him after so much investment. As Paolo says it could be an exciting opportunity - I wonder if he knows more than he is letting on? I certainly hope so. Psychedelic Syd
  • Score: 0

11:20pm Fri 18 Jan 13

dreamofacleansheet2 says...

Den come to this very late again but couldn't agree with you more.

the circle doesn't quite join up and as I said early this am, 7 investors not a chance. As a betting man, right now I'd bet on administration but will be delighted to be proved wrong. Can't understand putting this in the public domain if you really are negotiating with a potential investor. extraordinary.
Den come to this very late again but couldn't agree with you more. the circle doesn't quite join up and as I said early this am, 7 investors not a chance. As a betting man, right now I'd bet on administration but will be delighted to be proved wrong. Can't understand putting this in the public domain if you really are negotiating with a potential investor. extraordinary. dreamofacleansheet2
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